Chaney Company has outstanding 25,000 shares of \(\$ 10\) par value common stock. It also has \(\$ 405,000\) of retained earnings. Near the current year-end, the company declares and pays a cash dividend of \(\$ 2.10\) per share and declares and issues a 5\% stock dividend. The market price of the stock the day the dividends are declared is \(\$ 30\) per share. Use the financial statement effects template to indicate the effects of these two separate dividend transactions.